NAFA's bid to delay the implementation deadline of the fiduciary rule has been defeated after the federal court rejected the group's request. The new regulation has been opposed by many industry members, but the Department of Labor has also been active in defending the matter in several courts.
fiduciary rule
Breaking News
The landscape for the investment industry remains uncertain as the financial advisors and broker-dealers are yet to know the intention of the incoming administration regarding the fiduciary rule. The rule was passed earlier this year and is scheduled to take effect on April 10, 2017.
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